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stainless steel - Latest news GMK Center

Photo – China’s stainless steel exports fell by 28.5% y/y in January–April
China’s stainless steel exports fell by 28.5% y/y in January–April

Imports of these products fell by 7.8% over the first four months

Photo – India to increase stainless steel scrap imports by 7% y/y in FY2025/2026
India to increase stainless steel scrap imports by 7% y/y in FY2025/2026

The United States remained the largest supplier of this raw material during the period

Photo – Marcegaglia Stainless is investing in production capacity in Northern Europe
Marcegaglia Stainless is investing in production capacity in Northern Europe

The company is investing in its operations in Sweden and the United Kingdom

Photo – Global stainless steel production in January-September increased by 3% y/y
Global stainless steel production in January-September increased by 3% y/y

During the period, stainless steel output increased in most key regions

Photo – Global stainless steel production grew by 7% y/y in 2024
Global stainless steel production grew by 7% y/y in 2024

The key producer is China – 39.4 million tons

Photo – Aperam increased stainless steel shipments by 4.9% y/y in 2024
Aperam increased stainless steel shipments by 4.9% y/y in 2024

However, in the first quarter of 2025, the company predicts a decline in profitability

Photo – Outokumpu slows investment plans amid weak stainless steel market
Outokumpu slows investment plans amid weak stainless steel market

Finnish company cancels plans for US expansion and nuclear investments due to market difficulties

Photo – Global stainless steel production increased by 6.3% y/y in H1 2024
Global stainless steel production increased by 6.3% y/y in H1 2024

During the period, stainless steel output increased in most regions